First Choice Federal Credit Union
Overview / Commentary
First Choice Federal Credit Union is headquartered in New Castle and is the 121st largest credit union in the state of Pennsylvania. It is also the 2,466th largest credit union in the nation. It was established in 1952 and as of June of 2016, it had grown to 9 employees and 6,407 members at 2 locations. First Choice Federal Credit Union has a B+ health rating.
Field of Membership Restrictions
Membership is open to those who live, work or worship in Lawrence County.
See current membership details
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Health
B+
Data as of Q2 2016
Learn more about bank healthAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. First Choice Federal Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 8229 |
| Year Chartered | 1952 |
| Employees | 9 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.24% |
| Return on Equity - YTD | -3.11% |
| Annual Interest Income | $511.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2016vs Q2 2015 | $43.5MM$40.4MM |
| Loans | Q2 2016vs Q2 2015 | $23.3MM$21.6MM |
| Deposits | Q2 2016vs Q2 2015 | $40.1MM$36.9MM |
| Equity Capital | Q2 2016vs Q2 2015 | $3.3MM$3.4MM |
| Loan Loss Allowance | Q2 2016vs Q2 2015 | $92.00K$81.00K |
| Unbacked Noncurrent Loans | Q2 2016vs Q2 2015 | $13.00K$46.00K |
| Real Estate Owned | Q2 2016vs Q2 2015 | $0$0 |
Rates
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First Choice Federal Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.00% | - | - | IRA Share Account | |
| 0.25% | - | - | Christmas Club Account | |
| 0.25% | - | - | Vacation Club Account | |
| 0.20% | - | - | Regular Share Account | |
| 0.20% | - | - | Loan Collateral Account | |
| 0.15% | - | - | Escrow Account |
Locations
| First Choice Federal Credit Union Locations | ||
|---|---|---|
| Branch Office | 2209 W State St | New Castle, PA 16101-1138 |
| Branch Office | 1144 Butler Ave | New Castle, PA 16101-4264 |